Latest News, Rumors and Info on the Iraqi Dinar Revaluation

Monthly Archives: December 2013

Investing.com – Oil prices edged lower on Monday on expectations for Libya to increase its oil exports, while investors shrugged off a solid U.S. consumer confidence report in a quiet session.

On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in February traded at USD98.65 a barrel during U.S. trading, down 0.64%. New York-traded oil futures hit a session low of USD98.17 a barrel and USD99.39 a barrel.

The February contract settled at USD99.29 on Monday, down 1.03%.

Nymex oil futures were likely to find support at USD98.17 a barrel, the earlier low, and resistance at USD99.39 a barrel, the earlier high.

Expectations for Libyan oil exports to resume to near normal levels sent prices falling Tuesday due to the added supply they’d bring to the global market.

Libyan oil operations faced glitches recently due to protesters disrupting production at various oilfields.

Expectations for increased exports from South Sudan also nudged prices lower.

Trading volumes were thin as many investors already closed books before the end of the year, reducing liquidity in the market and increasing volatility, which helped exaggerate market moves.

Elsewhere, solid consumer confidence data did little to boost the commodity, which was still on track to finish 2013 up around 6%.

The Conference Board reported earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November, beating consensus forecasts for a 76.0 reading.

Also Tuesday, the Standard Poor’s/Case-Shiller 20-city home price index rose at an annualized rate of 13.6% in October from a year earlier, the strongest pace since February of 2006 and above forecasts for an increase of 13.0%.

Separately, industry data revealed that the Chicago purchasing managers’ index fell to a seasonally adjusted 59.1 this month from 63.0 in November. Analysts had expected the index to decline to 61.0 in December.

Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for February delivery fell 0.44% to trade at USD110.73 a barrel, while the spread between the Brent and U.S. crude contracts stood at USD12.08 a barrel.

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Investing.com – The dollar traded mixed to higher against most major currencies on Tuesday after widely-watched consumer confidence data beat expectations and cemented expectations for the Federal Reserve to continue scaling down stimulus programs in 2014.

In U.S. trading on Tuesday, EUR/USD was down 0.30% at 1.3759.

The Conference Board reported earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November, beating consensus forecasts for a 76.0 reading.

Also Tuesday, the Standard Poor’s/Case-Shiller 20-city home price index rose at an annualized rate of 13.6% in October from a year earlier, the strongest pace since February of 2006 and above forecasts for an increase of 13.0%.

The data confirmed expectations for the Federal Reserve to continue winding down stimulus programs such as its USD75 billion in monthly bond purchases next year and let the economy stand on its own feet.

Fed bond purchases tend to weaken the dollar by driving down interest rates to spur recovery.

Capping the dollar’s gains, however, were industry data revealing that the Chicago purchasing managers’ index fell to a seasonally adjusted 59.1 this month from 63.0 in November. Analysts had expected the index to decline to 61.0 in December.

The greenback was down against the pound, with GBP/USD up 0.37% at 1.6560.

Demand for the pound was strong due to recent weeks of positive U.K. economic reports, which fueled expectations on Tuesday for the Bank of England to raise interest rates ahead of other central banks.

All of us at Iraq dinar wish all our readers a Happy and Safe New Year. May all your dreams and wishes come true in the New Year! Lets not let EMS or the police be our ride on this Wonderful New Years.

Experts: Delete the zeros project needs to be catalysts for success BAGHDAD – Farah pumice – Mustafa al-Hashemi agreed the views of experts and specialists on the importance of the project to delete the zeros from the currency, despite the objections put up by some of the impact on the market at the moment. described […]

Hi everyone,
Just another short update from across the pond about the normal banks looking at foreign currency.
As all systems go to speed everything in to the New Year I thought that I would nip into my main city branch of the Nat West where I have a couple of accounts. I went in at about 1.35pm GMT ( 8.35am EST USA ) & checked on the present rate for the Kuwait & Iraq currency to see if there

Iraqi Dinar Guru 12-31-13 Chats… 12-31-2013 Iraqi Dinar Guru Tlar …the planning for this project is complete and is just waiting for the proper environment and timing to be implemented. The CBI has worn out this discussion and has come to a conclusion of what’s the right way to do this. The time for these […]

Finance: the budget will be approved despite retreating Minister of Finance Agency purity of net debt to “budget for fiscal 2014 will begin a short time and normally despite the withdrawal of Congress coalition united from the political process.”Safi said that “legislation of the budget is an urgent need for the completion of projects that […]

Kurdistan Iraq exported the first shipment of heavy oil to world markets Baghdad / follow-up obelisk announced traders and sources in the oil sector, the Kurdistan region of Iraq began exporting crude heavy oil to the world market, in a new step to strengthen its control over its sector profitable, away from the central government […]

Deputy Governor for Economic Affairs: Basra will witness the establishment of a huge strategic projects within the plan in 2014 Said deputy governor of Basra for Economic Affairs, “Muhannad Al-Saad” that Basra will witness the establishment of a huge strategic projects within the plan in 2014 The aide said the governor of Basra for economic affairs, […]